{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-046639","form_type":"8-K","ticker":"VICR","cik":"0000751978","company_name":"VICOR CORP","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.981832+00:00","generated_at":"2026-06-19T03:35:33.205025+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vicor Q4 revenue $105.5M (+16.8% YoY) but net income falls; FY net income $25.5M, down 55%; CEO cites subdued demand","bullets":["Q4 revenue $105.5M (+16.8% YoY, +2.3% sequential); net income $8.1M ($0.18 diluted EPS) vs $8.9M ($0.20) a year ago.","Full-year 2022 revenue $399.1M (+11.1%); net income $25.5M ($0.57) vs $56.6M ($1.26) in 2021, down 55%.","Cash flow from operations $22.9M in 2022, down 57.9% from $54.4M in 2021.","Backlog declined to $304M; CEO says book-to-bill far below 1, demand subdued until new AI/datacenter/auto applications ramp.","Gross margin improved to 46.6% in Q4 from 45.2% a year ago, but full-year margin fell to 45.2% from 49.6%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-046639","json":"https://secwatch.observer/filing/0001193125-23-046639.json","markdown":"https://secwatch.observer/filing/0001193125-23-046639.md","text":"https://secwatch.observer/filing/0001193125-23-046639.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/0001193125-23-046639-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/d399146d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T03:35:33.205025+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"13e18db3e6529f3fb23b09502b017606bf7f9b3e","claim":"VICOR CORP reported the fourth quarter ended December 31, 2022 results: revenue $105.5 million, net income $8.1 million, EPS $0.18 per diluted share.","evidence_excerpt":"Revenues for the fourth quarter ended December 31, 2022 totaled $105.5 million, a 16.8% increase from $90.3 million for the corresponding period a year ago, and a 2.3% sequential increase from $103.1 million in the third quarter of 2022. Gross margin increased to $49.1 million for the fourth quarter of 2022, compared to $40.8 million for the corresponding period a year ago, and increased sequentially from $47.0 million for the third quarter of 2022. Gross margin, as a percentage of revenue, increased to 46.6% for the fourth quarter of 2022, compared to 45.2% for the corresponding period a year ago, and from 45.5% for the third quarter of 2022. Net income for the fourth quarter was $8.1 million, or $0.18 per diluted share, compared to net income of $8.9 million or $0.20 per diluted share, for the corresponding period a year ago and net income of $1.8 million, or $0.04 per diluted share, for the third quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/0001193125-23-046639-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$105.5 million"},{"label":"Net income","value":"$8.1 million"},{"label":"EPS","value":"$0.18 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a5b74c827281d201ce082770e5d85607b93edf22","claim":"VICOR CORP reported the year ended December 31, 2022 results: revenue $399.1 million, net income $25.5 million, EPS $0.57 per diluted share.","evidence_excerpt":"Revenues for the year ended December 31, 2022 increased 11.1% to $399.1 million, from $359.4 million for the prior year. Gross margin, as a percentage of revenue, decreased to 45.2% for the year ended December 31, 2022, compared to 49.6% for the prior year. Net income for 2022 was $25.5 million, or $0.57 per diluted share and 6.4% of revenues, compared to $56.6 million, or $1.26 per diluted share and 15.8% of revenue in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751978/000119312523046639/0001193125-23-046639-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$399.1 million"},{"label":"Net income","value":"$25.5 million"},{"label":"EPS","value":"$0.57 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}